Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more

Friday, 2 October 2026, is already in the past. Before that session, the five watch points were a possible ASX 200 rebound, rising oil and gold prices, and fresh Bell Potter views on Megaport and Netwealth. The market subsequently closed higher, but the pre-open futures indication was not the closing result.

What happened to the ASX 200 on Friday?

The ASX 200 closed at 8,682.1 on Friday, 2 October, up 0.79% from Thursday’s close of 8,614.4, according to Swingfolio Research’s weekly recap. The index finished the week up 0.20%. That outcome was consistent with the direction of the pre-open indication, not proof that futures had predicted the exact session move.

The original pre-open watch list appeared in The Motley Fool Australia’s 2 October article. Its figures and broker commentary below are presented as reported at that time, rather than as current forecasts or independently verified recommendations.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

1. Would the market rebound after Thursday’s fall?

On Thursday, 1 October, the ASX 200 fell 2% to 8,614.4. Before Friday’s open, SPI futures were pointing to a rise of 48 points, or 0.55%, as reported by The Motley Fool. Futures are an indication of expected direction, not a settled index price or guarantee of how the cash market will trade.

The same article reported modest overnight gains in the US: the Dow Jones rose 0.05%, the S&P 500 0.2% and the Nasdaq 0.05%. Those overnight moves formed part of the pre-open context; they did not determine the ASX session.

2. Would higher oil prices lift energy shares?

The Motley Fool, citing Bloomberg, reported WTI crude at US$93.13 a barrel, up 3%, and Brent crude at US$102.57, up 4.6%. The article linked the gains to reports that the US had sent a third aircraft carrier to the Middle East. This is the reported explanation for a dated market move, not confirmation that geopolitical developments would continue to push prices higher.

Rank #2

Santos (ASX: STO) and Woodside Energy (ASX: WDS) were named as energy shares that could respond to higher crude prices. A stronger oil price can be relevant to energy producers, but it does not establish how either company’s shares will perform.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

3. What was Bell Potter’s view on Megaport?

The Motley Fool reported that Bell Potter initiated coverage of Megaport (ASX: MP1) with a Buy rating and an A$27.00 target. The rating and target were the broker’s opinions, not an independently established valuation or a recommendation from The Motley Fool.

In commentary quoted by The Motley Fool, Bell Potter described Megaport as trading at about 7 times FY28 EV/EBITDA, compared with a median of about 15 times for domestic peers based on FY28 forecasts and about 11 times for international peers based on 2027 forecasts. These are broker-reported valuation comparisons based on forecasts and different comparison groups; they are not observed future results or a guarantee that the shares were undervalued.

4. Would gold prices support gold producers?

The Motley Fool, citing CNBC, reported gold futures up 0.5% to US$4,207.6 an ounce, with easing US Treasury yields described as supportive of gold. The article identified Evolution Mining (ASX: EVN) and Newmont (ASX: NEM) as shares to watch. Both the futures price and the proposed link to the miners were part of that overnight snapshot; neither establishes a particular share-price outcome.

5. Why did Bell Potter cut its Netwealth target?

The Motley Fool reported that Bell Potter retained a Buy rating on Netwealth (ASX: NWL) while reducing its target from A$30 to A$25. The broker’s stated rationale referred to interest rates, a lower valuation multiple, a class-action provision, flows below FY27 guidance and historical experience of client withdrawals. These were Bell Potter’s considerations, not company results or a rating issued by the article’s author.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

How to read the five watch points

  • Index and macro signal: the futures indication framed the possible market direction, but was only a pre-open estimate.
  • Commodity moves: oil and gold supplied overnight context for energy and mining shares, without guaranteeing a corresponding equity move.
  • Broker opinion: the Megaport and Netwealth ratings and targets were attributed to Bell Potter and should be distinguished from company guidance or realized performance.
  • Time frame: these items describe the 2 October 2026 session and its pre-open setup. They do not identify catalysts for a later Friday.

Swingfolio Research’s recap also said the Reserve Bank of Australia raised the cash rate by 25 basis points to 4.60% on Tuesday, 29 September, and that August CPI was 4.0% year over year, up from 3.5% in July. Those figures are reported here as statements in the recap, not as independently confirmed primary-source releases.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.